In the Mandelbaum case, Judge David Laro espoused ten factors by which valuators may analyze the discount for lack of marketability. This method has proven most popular and very logical ever since. 

Esteemed valuators Ron Rudich has expanded on the Mandelbaum factors, thereby making the DLOM analysis even more supportable. We will examine the expanded set of factors in this very practical webinar.

Join our live community web event to discuss recent developments in our industry here at the International Society for Business Appraisers.  This call will focus on new developments and any questions or concerns you would like to address with your peers.

The Business Certified Appraiser (BCA) certification program provides a hands-on learning experience to help candidates prepare for and obtain the Business Certified Appraiser (BCA) designation. The path to obtaining the BCA designation involves completing two self-study courses—Valuation Essentials and Advanced Valuation Techniques—passing the proctored BCA exam, and submitting a written demonstration report for peer review. 

The Valuation Essentials course is designed to introduce business valuation concepts and methodologies. Topics covered are geared toward 100% ownership interests in closely held businesses. The Advanced Valuation Techniques course covers in-depth issues relating to both control and non-controlling ownership interest valuation assignments in family-owned businesses (with revenues under $10 million). Upon completing this program, you will be able to:

• Identify and apply business valuation terminology, concepts, and methodologies
• Read and interpret financial statements
• Normalize financial information
• Identify earning streams
• Develop rates of return
• Calculate and apply ratios
• Apply discounts and premiums
• Understand the market approach to value and reconciliation

The BCA is recognized by the U.S. Small Business Administration as a “qualified source” for business appraisals administered by the SBA.

The cost of your exam is included with your registration. 

Includes 2 BCA practice exams covering valuation essentials and advanced valuation techniques.

Join our live community web event to discuss recent developments in our industry here at the International Society for Business Appraisers.  This call will focus on new developments and any questions or concerns you would like to address with your peers.

In today's rapidly evolving business landscape, the integration of artificial intelligence (AI) into various sectors has become not just a trend, but a necessity. As business appraisers, you are at the forefront of this transformation, tasked with evaluating the worth of businesses in an era where data is as valuable as traditional assets.

This webinar will explore the role AI will play in business appraisal, offering insights into how it enhances accuracy, efficiency, and objectivity in valuation processes.

Moreover, we will discuss the ethical considerations and challenges that come with adopting AI technologies, ensuring that as professionals, we maintain the integrity and trust that are the cornerstones of our field. By the end of this session, you will have a clearer vision of how AI can be a powerful ally in your appraisal toolkit, driving innovation and excellence in your practice.

Join our live community web event to discuss recent developments in our industry here at the International Society for Business Appraisers.  This call will focus on new developments and any questions or concerns you would like to address with your peers.

Article from ISBA's April 2024 journal - Part 1 - Independent Variables of Business Valuation: How Utility Affects Value, By James A. Lisi

Article from ISBA's April 2024 journal - Price to Earnings and Price to Revenue Multiples are Not Independent Pricing Methods, By Wayne E. Quilitz

Article from ISBA's April 2024 journal - Business Valuation and Data Protection: A Primer on Ransomware, By Scott Lewis